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Tesla CEO Elon Musk is offering to buy Twitter, saying that this social media platform, which he has criticized for failing to meet the principles of freedom of expression – should be transformed into a private company.
In the file of a regulator of Twitter Inc. It was said on Thursday that Musk, who is the company’s largest shareholder, has proposed to buy the other Twitter shares he does not currently own, offering $ 54.20 per share, which in total will fell $ 43 billion.
Musk said this was the best offer he could offer, although he did not provide details on funding. The offer is non-binding and subject to financing terms and conditions.
“I invested in Twitter because I believe in its potential to be a platform for free speech around the globe and I believe that freedom of speech is a social imperative for a functioning society,” Musk was quoted as saying in a Twitter message. .
“However, since I have invested, I now understand that the company can neither progress nor will it serve this social imperative, in the form it is today. “Twitter should be transferred to a private company,” he added.
Shares of Twitter rose to $ 47.83, or 4.5 percent more, but still their value is lower than offered by Musk, which is a signal from some investors that the deal with the head of Tesla will be realized.
Twitter said it has accepted Musk’s offer and will decide whether or not to accept it based on the best interests of its shareholders.
A week ago, Musk bought a 9 percent stake in Twitter, making him the largest shareholder on the social platform.
The billionaire has been quite critical of Twitter in recent weeks, especially for the principles of freedom of speech.REL
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